CATEGORY
Business and Economy
CBN Launches DocFlow and MDAs Naira Payment Solutions
By Milcah Tanimu
The Central Bank of Nigeria (CBN) has launched two digital initiatives: Document Flow (DocFlow) System and Ministries, Departments, and Agencies (MDAs) Naira...
Naira Depreciates Against US Dollar as Forex Market Sees Mixed Trends
By Milcah Tanimu
The naira has depreciated further against the US dollar in the foreign exchange markets. On Tuesday, January 14, 2024, data from FMDQ...
Telecom Tariff Increase Deepens Financial Strain on Nigerians
By Abigail Philip David
The recent hike in Nigeria's telecommunication tariffs has ignited nationwide concern over its impact on consumers. While telecom operators argue...
Nigeria’s “Hike Economy” and Its Impact on Telecom Services
By Milcah Tanimu
Nigeria is grappling with an ongoing cost-of-living crisis, with price hikes now touching nearly every sector, including telecommunications. What started with increases...
China Bank Approves $255M for Kano-Kaduna Railway
By Milcah Tanimu
The China Development Bank has approved a $255 million loan for Nigeria’s Kano-Kaduna railway project. This funding will boost transportation and...
Revenue Lost to Illegal Mining Surpasses Nigeria’s Budget – Ex-SDP Presidential Candidate
By Abigail Philip David
Former Social Democratic Party (SDP) presidential candidate, Prince Adewole Adebayo, has raised concerns that Nigeria is losing more revenue to...
Apple Faces £1.5 Billion UK Lawsuit Over Alleged App Store Overcharging
By Abigail Philip David
Apple is confronting a £1.5 billion ($1.8 billion) lawsuit in the UK over claims it overcharged millions of customers through...
FBN Shareholders Demand Otedola’s Removal Amid Governance Concerns
By Milcah Tanimu
Shareholders of FBN Holdings Plc have demanded an Extraordinary General Meeting (EGM) to remove chairman Femi Otedola. They cite concerns over governance...
Nigeria’s Inflation Projected to Drop to 27% by December 2025 – Report
By Abigail Philip David
Nigeria’s inflation rate is expected to decline to 27.1% by December 2025, according to the latest NESG-Stanbic IBTC Business Confidence...
PETROAN Clarifies N100bn Grant Request as Loan, Not Free Money
By Milcah Tanimu
The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has clarified that its N100bn request to President Bola Tinubu is not...
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